Lee Enterprises, Incorporated (NYSE:LEE) Short Interest Down 7.2% in January

Lee Enterprises, Incorporated (NYSE:LEE) was the recipient of a significant drop in short interest in January. As of January 31st, there was short interest totalling 2,060,000 shares, a drop of 7.2% from the January 15th total of 2,220,000 shares. Approximately 3.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 191,800 shares, the short-interest ratio is presently 10.7 days.

In related news, Director Nancy S. Donovan sold 37,603 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $1.33, for a total transaction of $50,011.99. Following the completion of the sale, the director now directly owns 90,000 shares in the company, valued at $119,700. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 8.60% of the company’s stock.

Large investors have recently modified their holdings of the stock. Jane Street Group LLC bought a new position in shares of Lee Enterprises in the fourth quarter valued at about $33,000. Jacobs Levy Equity Management Inc. raised its position in shares of Lee Enterprises by 71.7% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 88,182 shares of the company’s stock valued at $125,000 after purchasing an additional 36,838 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Lee Enterprises by 8.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 351,036 shares of the company’s stock valued at $499,000 after purchasing an additional 26,625 shares during the period. UBS Group AG raised its position in shares of Lee Enterprises by 51.4% in the fourth quarter. UBS Group AG now owns 66,742 shares of the company’s stock valued at $95,000 after purchasing an additional 22,645 shares during the period. Finally, Renaissance Technologies LLC bought a new position in shares of Lee Enterprises in the fourth quarter valued at about $43,000. Hedge funds and other institutional investors own 46.21% of the company’s stock.

NYSE:LEE traded down $0.08 during trading hours on Friday, reaching $1.57. 328,579 shares of the company’s stock were exchanged. Lee Enterprises has a 12 month low of $1.18 and a 12 month high of $3.69. The business’s 50-day simple moving average is $1.54 and its two-hundred day simple moving average is $1.80.

Lee Enterprises (NYSE:LEE) last issued its earnings results on Thursday, December 12th. The company reported $0.01 earnings per share for the quarter. The business had revenue of $123.67 million for the quarter.

About Lee Enterprises

Lee Enterprises, Incorporated provides local news and information, and advertising services in the United States. The company offers daily and community newspapers, news websites, mobile applications and news, and video products; and digital services, including Web hosting and content management. It also provides advertising and marketing services, such as retail, classified, national, and digital advertising services, as well as custom digital marketing services to small, medium sized, and large complex businesses.

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